(a) The election period will be conducted in a defined period as announced by FSA. During the election period, all current producers on a farm must unanimously make the irrevocable election as described in § 1412.71 to preserve the payment eligibility of all producers on the farm for 2014 and determine whether the default election (PLC) or elected option (either a combination of ARC–CO and PLC or ARC– IC) will apply to the farm.
CFR 7-1412.72-2014 history
2014CFR 7-1412.72-2014 Agriculture. Part1412:Agriculture risk coverage, price loss coverage, and cotton transition assistance programs. SubpartG:ARC and PLC election. Section1412.72:Election period.